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SBI Amritsar Amritsar Punjab MICR CODE

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Bank
State
District
City
Branch
Address

MICR Code	143002013
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	New Grain Market Amritsar
Contact	0183-2520596 Ip-404501
Bank Details	State Bank Of India New Grain Market Amritsar SBIN0009279

Location	Amritsar, Amritsar
City	Amritsar
District	Amritsar
State	Punjab
Pincode	143003
Country	IN
Address	Amritsar,punjab,pin 143003

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 143002013 for New Grain Market Amritsar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 143002013 of State Bank Of India, New Grain Market Amritsar branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for New Grain Market Amritsar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 64 branches of State Bank Of India are available with micr code -

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MICR code for SBI New Grain Market Amritsar

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for New Grain Market Amritsar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 143002013 is the MICR code of SBI Bank for New Grain Market Amritsar branch. MICR code for New Grain Market Amritsar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for State Bank Of India New Grain Market Amritsar is presented in the table alongside.

Use of State Bank Of India MICR code for New Grain Market Amritsar branch in amritsar

The MICR code 143002013 is used in RBI cheque clearing process to identify the branch New Grain Market Amritsar and State Bank Of India bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of SBI Bank is typically in either of these two font’s: E-138 and CMC-7.